{
  "id": 19339775,
  "title": "Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion",
  "url": "https://urgent.news/2026/11/10/anthropic-sets-ipo-price-range-of-70-to-78-per-share-to-reach-an",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-10T14:01:39.000Z",
  "source": {
    "name": "TechCrunch",
    "slug": "techcrunch",
    "url": "https://techcrunch.com/2026/11/10/anthropic-sets-ipo-price-range-of-70-to-78-per-share-to-reach-an-implied-valuation-of-1-404-trillion/"
  },
  "original_language": "en",
  "account": "Anthropic, the developer of the Claude AI, has set an IPO price range of $70 to $78 per share, aiming for an implied valuation of $1.404 trillion. The company plans to offer 825 million Class A shares, which could raise between $57.75 billion and $64.35 billion. If the shares list at the top of the price range, the company could be worth $1.404 trillion, a significant increase from its $965 billion valuation in a May fundraising round. Anthropic also announced a private sale of $26 billion of non-voting Class N stock to AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC, with Google and Nvidia each investing $10 billion. The firm estimates net proceeds of $84.6 billion to $93.7 billion. Underwriters, such as Goldman Sachs and Morgan Stanley, have the option to purchase up to 123.75 million additional shares at the IPO price. As a public benefit corporation, Anthropic's founders have 50.1% voting power, while the Long-Term Benefit Trust will control the majority of board seats, limiting Class A buyer influence. The company will begin trading on the Nasdaq on November 19 under the ticker symbol \"ANT.\" Anthropic reported a net loss of $104 billion in the nine months leading up to the IPO, with compute and infrastructure commitments totaling $900.9 billion. The company holds nearly $132 billion in cash and short-term investments. OpenAI, Anthropic's primary competitor, was recently valued at $1.25 trillion after raising $11 billion.",
  "summary": "The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Anthropic targets US$1.4 trillion valuation in blockbuster IPO",
        "url": "https://urgent.news/2026/11/10/anthropic-targets-us-1-4-trillion-valuation-in-blockbuster-ipo",
        "published": "2026-11-10T05:21:51.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Filing: Anthropic's IPO could give it an up to $1.405T valuation on a fully diluted basis, up from the $965B valuation during its $65B Series H announced in May (Ashley Capoot/CNBC)",
        "url": "https://urgent.news/2026/11/10/filing-anthropics-ipo-could-give-it-an-up-to-1-405t-valuation-on-a",
        "published": "2026-11-10T12:07:31.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Anthropic targets $1 trillion IPO valuation in key test for AI market",
        "url": "https://urgent.news/2026/11/10/anthropic-targets-1-trillion-ipo-valuation-in-key-test-for-ai-market",
        "published": "2026-11-10T12:17:43.000Z"
      },
      {
        "outlet": "City AM",
        "title": "Anthropic targets $1 trillion valuation with record IPO and placement plans",
        "url": "https://urgent.news/2026/11/10/anthropic-targets-1-trillion-valuation-with-record-ipo-and-placement",
        "published": "2026-11-10T12:38:18.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Anthropic seeks valuation of about $1.3 trillion when it becomes a publicly traded company",
        "url": "https://urgent.news/2026/11/10/anthropic-seeks-valuation-of-about-1-3-trillion-when-it-becomes-a",
        "published": "2026-11-10T13:02:46.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Anthropic targets valuation of up to $1.4tn in IPO",
        "url": "https://urgent.news/2026/11/10/anthropic-targets-valuation-of-up-to-1-4tn-in-ipo",
        "published": "2026-11-10T13:07:48.000Z"
      },
      {
        "outlet": "ABC News (US)",
        "title": "Anthropic values itself at nearly $1.3 trillion, according to new IPO filing",
        "url": "https://urgent.news/2026/11/10/anthropic-values-itself-at-nearly-1-3-trillion-according-to-new-ipo",
        "published": "2026-11-10T13:13:34.000Z"
      },
      {
        "outlet": "Gulf News",
        "title": "Anthropic targets $1.3 trillion valuation in potentially record-breaking IPO",
        "url": "https://urgent.news/2026/11/10/anthropic-targets-1-3-trillion-valuation-in-potentially-record",
        "published": "2026-11-10T13:23:31.000Z"
      },
      {
        "outlet": "Decrypt",
        "title": "Anthropic Sets IPO Price Range at $70 to $78, Valuing Company at Up to $1.4 Trillion",
        "url": "https://urgent.news/2026/11/10/anthropic-sets-ipo-price-range-at-70-to-78-valuing-company-at-up-to-1",
        "published": "2026-11-10T14:06:02.000Z"
      },
      {
        "outlet": "Global News",
        "title": "Anthropic aims for $1.3 trillion valuation when it becomes a public company",
        "url": "https://urgent.news/2026/11/10/anthropic-aims-for-1-3-trillion-valuation-when-it-becomes-a-public",
        "published": "2026-11-10T14:08:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}